Finance Globe

U.S. financial and economic topics from several finance writers.
2 minutes reading time (311 words)

3 Ways College Students Waste Money

There is no denying the fact that some college students do not have as much financial sense as their parents would like. That being said, college is a learning experience. Students have to make their own mistakes, as these experiences will help shape a better future.

Here are three of the most common ways that college students waste money:

1. Buying news books instead of used. Despite the fact that many students are taking advantage of the ability to buy used textbooks, this is not the case across the board. For one reason or the next, some continue to head for the school’s bookstore when it comes time to make a purchase.

By making this one simple change, you may find yourself cutting back on the amount spent on textbooks.

2. Too much time partying. Let’s face it: college students want to have a good time. College students want to eat out, take in the bar scene, attend concerts, and much more. While there is nothing wrong with this, it is important to set a reasonable monthly budget for entertainment expenses. If you neglect to do so, you could find yourself spending too much on this aspect of your life.

3. Driving when you could easily walk. For example, you may drive your car to class everyday, even though it would be just as easy to walk from one side of the campus to the other. It may take a bit more effort, but think about it this way: you are saving money along the way, while also getting a good amount of exercise.

These are just three of the many ways some college students waste money. Do you find yourself falling into one or more of the traps above? If so, change your approach to your finances and you will soon find that you have more money in your pocket.
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Thursday, 22 August 2019

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